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Retainer And Contingency Fee Agreement
"I need a Retainer and Contingency Fee Agreement for a technology startup requiring ongoing corporate legal services with a monthly retainer of INR 50,000 and a 15% contingency fee for successful fundraising rounds, starting January 2025."
1. Parties: Identification of the attorney/law firm and the client with full legal names and addresses
2. Background: Context of the agreement and brief description of the legal matter
3. Definitions: Key terms used throughout the agreement including 'Retainer Fee', 'Contingency Fee', 'Legal Services', etc.
4. Scope of Services: Detailed description of legal services to be provided and any limitations
5. Retainer Fee Structure: Details of the initial and ongoing retainer payments, including amount and payment schedule
6. Contingency Fee Arrangement: Percentage of recovery and calculation method for contingency fees
7. Costs and Expenses: Breakdown of costs covered by retainer vs additional expenses to be billed separately
8. Billing and Payment Terms: Payment procedures, timing, and acceptable payment methods
9. Client's Responsibilities: Client's obligations including providing information and maintaining communication
10. Attorney's Responsibilities: Professional obligations, communication commitments, and service standards
11. Termination: Conditions and procedures for ending the agreement by either party
12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
13. Entire Agreement: Standard clause confirming this document as the complete agreement between parties
1. Multiple Attorney Involvement: Required when multiple attorneys or firms may be involved in handling the case
2. International Elements: Include when matter involves cross-border elements or foreign jurisdictions
3. Alternative Dispute Resolution: Optional clause for mediation or arbitration before litigation
4. Conflict of Interest Provisions: Detailed provisions when potential conflicts need specific addressing
5. File Retention Policy: Specific terms about document retention if different from standard practice
6. Professional Liability Insurance: Details of coverage when required by client or circumstances
7. Intellectual Property Rights: Required when legal services involve IP-related matters
8. Confidentiality and Data Protection: Enhanced provisions when handling sensitive or regulated information
1. Schedule A - Fee Calculator: Detailed breakdown of how contingency fees will be calculated in different scenarios
2. Schedule B - Scope of Work: Detailed description of services, deliverables, and exclusions
3. Schedule C - Team Structure: Details of legal team members and their roles
4. Schedule D - Expense Categories: Comprehensive list of billable and non-billable expenses
5. Appendix 1 - Client Authorization: Client's written authorization for specific actions or decisions
6. Appendix 2 - Communication Protocol: Agreed procedures for routine and emergency communications
7. Appendix 3 - Document Checklist: List of required documents and information from client
8. Appendix 4 - Billing Guidelines: Detailed billing procedures and requirements
Authors
Legal Services
Professional Services
Corporate
Financial Services
Real Estate
Healthcare
Technology
Manufacturing
Construction
Energy
Telecommunications
Media and Entertainment
Retail
Education
Legal
Compliance
Risk Management
Corporate Secretariat
Finance
Executive Leadership
Operations
Business Development
Contract Management
Legal Operations
General Counsel
Legal Director
Chief Legal Officer
Corporate Secretary
Compliance Officer
Risk Manager
Chief Executive Officer
Chief Financial Officer
Managing Director
Business Development Manager
Contract Manager
Legal Operations Manager
Company Secretary
Partner (Law Firm)
Senior Associate
Head of Legal Operations
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